Empire Resources Limited (AU:ERL) has released an update.
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Empire Resources Limited has actively pursued various business development avenues, assessing multiple potential opportunities to enhance the company’s value. The firm is particularly encouraged by the progress of the Penny’s Find Gold Mine Pre-Feasibility Study, managed by Horizon Minerals, with expectations of a completed study by mid-2024. Additionally, Empire has announced a rights issue aiming to raise $741,000 for business activities and working capital.
For further insights into AU:ERL stock, check out TipRanks’ Stock Analysis page.